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A 5-year coupon bond has a face value of $1000. The coupon rate is 8%, and coupon payments are made semiannually. If the yield is
A 5-year coupon bond has a face value of $1000. The coupon rate is 8%, and coupon payments are made semiannually. If the yield is 10% compounded semiannually, what is the price of the bond? The answer should be to two decimal places and based on the $1000 face.
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